Over the past year many retailers have declared bankruptcy or are beginning to fail. There are many reasons why this could be. One reason may be poor management. Although these retailers are long lasting, they may have always had poor management. Whether it have been management of money, advertisement, or store inventory.
Another reason why retails may be failing is because competition. Now that we are in a recession alot of people are going to the cheapest outlets for goods. When a store has high priced items individuals will choose the store with the least expensive item.
One main reason why retailers may retailers fail is because they fail to adapt, change, grow or expand. When retailers cant adapt they will be stuck in a standstill. When they cant help the consumer or appeal to the consumer, consumers wont purchase goods.
http://www.cepro.com/article/10_failed_electronics_retailers/
http://www.ecommerceoptimization.com/articles/top-reasons-why-online-retailers-might-fail/
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